Take your pick. Either one is going to make you money. Oil was up over $10 on Thursday and Friday, setting records for both its high price and its US dollar move. In response, the US stock market tanked on Friday and the S&P500 is now down 6.5% for the year.
Reports say US citizens' net worth fell in the first quarter for the second quarter in a row. Talk from Israel about bombing Iran didn't help. If this happens and Iran responds by bottling up the Straits of Hormuz, well then $200/barrel oil will look like a nice bargain and a very severe recession, if not depression, will begin. Of cour
Readers of this space know that one of the preferred sectors is oil/oil services. Given oil's importance in a growing global economy, oil and oil services companies are likely to continue to experience steady demand for their services/products. And with the above in mind, Nabors Industries is worth a review.
Nabors Industries Ltd. (NYSE: NBR) is the world's largest land-drilling contractor, engaging in oil, gas, and geothermal land drilling operations in the U.S., South/Central America, the Middle East, and Africa.
Analysts like NBR's increasing dayrates for U.S. lan...
TheStreet.com's Jim Cramer says it's not a strong-dollar sell -- the story here is still too good.
Why did natural gas go down last week? What was that? Inventories were down. The commodity price was up. The fuel itself is green. It is better than ethanol and it is being used to fuel an increasing numbers of cars and trucks.
The whole move down had to have been triggered by something, right? Yeah, how about the fact that the stocks were up a lo...
I own shares of Nabors (NBR) and have been patiently waiting for a move to the upside but my patience is wearing thin though. But I don't want to sell it because it looks so cheap. P/E of 8 and PEG of 0.55 in the bullish energy sector. A Barrons article has given me renewed faith in the company. "There has been a massive bull market in all things energy -- except Nabors..... Nabors' holders
Even with the preannoucements of an earnings shortfall, surprisingly Nabors (NBR) is still up around $31 and change. One reason is people are starting to get on natural gas. Just look at CHESAPEAKE...
Nabors Industries Inc. (NYSE:NBR) continues to warn downward. They continue to claim rig utilization is off because of bad weather and other factors. The bad weather is an early spring thaw. Several months ago they were complaining that the winter freeze up was late and rigs could not be moved into place. These are all normal short term frustrations in the rig business.
This time they are even pointing towards increased costs contributing to 30% of the reduced expectations. More specifically they are pointing toward increased costs attributable to the expensive investigation of stoc...
Nabors Industries (NYSE:NBR) announced excellent Q4 and year end results. Q4 income was up 34%. Gene Isenberg, Nabors' Chairman and CEO, commented on the Company's results.
"Our results for 2006 set all-time records in virtually every financial and operational metric….Most importantly, Nabors generated opportunities to increase its average capital employed by $1.75 billion during the year, maintaining a 22% return which should underpin future growth.”...
With annualized EPS in the $4 range, the P/E is attractive (assuming no significant deterioration in fundamentals). Also, management recently made some insider buys, which is encouraging.On the business side, Canadian drilling has been particularly weak, offset by international operations, which did well last quarter.Continued speculation of an LBO spikes the stock from time to time.
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About Nabors Industries Ltd
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